The UK service sector rebounded at a faster-than-estimated pace in January driven by rising client demand after general election, final survey results from IHS Markit and Chartered Institute of Procurement & Supply showed Wednesday.
The services Purchasing Managers' Index rose to 53.9 in January from 50.0 in December. The reading exceeded the flash estimate of 52.9. A score above 50 indicates expansion.
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Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.